Fanning Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected costs Direct labor Direct materials Home Home 2 Home 3 5. 63,000 $103,000 $112,000 106,000 147,000 185,000 Assume Fanning needs to allocate two major overhead costs (552,200 of employee fringe benefits and $35,040 of Indirect materials costs) among the three jobs Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.) Fringe Benefits: Home Allocation Rate x Weight of Base - Allocated Cost 1 $ 0 2 0 10 Total $ 0 Indirect Materials Home Allocation Rate * Weight of Base - Allocated Cott Prov 1 of 2 Next > Choose an appropriate cost aniver for each of the overnead costs and determine the total cos rate" to 2 decimal places.) Fringe Benefits: Home Allocation Rate * Weight of Base = Allocated Cost 1 11 $ 0 2 X 0 0 3 10 0 Total $ 0 Indirect Materials: Home Allocation Ratex Weight of Base - Allocated Cost = $ 0 1 2 1 - 3 11 0 Total $ 0 The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Home 3 Total Direct labor $ 0 Direct materials 0 0 Fringe benefits Indirect materials 0 Total cost $ 0 $ 0 $ 0 0